This paper analyzes the effect of the STATCOM on the improvement of the Fault Ride Through (FRT) capability of the fixed speed wind turbines(FSWTs). The steady-state models of the wind farm components, such as induction generator, capacitor bank, and the STATCOM, are developed based on the simplified equivalent circuit. Especially, the STATCOM is modeled as a controllable current source and a method that analytically determines the magnitude of the injection current is developed. For the quasi-steady-state(QSS) analysis, the steady-state model of the generator and STATCOM are merged with the dynamic model of drive train. The QSS simulation with the STATCOM shows that the STATCOM can enhance the FRT performance by improving the $W_r-T_e$ characteristics of the FSWTs.